In its first-quarter 2026 investor letter, Columbia Global Technology Growth Fund highlighted stocks like Intuit Inc. (NASDAQ:INTU).
Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing
On June 10, 2026, Intuit Inc. (NASDAQ:INTU) closed at $281.77 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was -29.93%, and its shares lost 63.38% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $77.08 billion.
Columbia Global Technology Growth Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q1 2026 investor letter: “Intuit Inc. (NASDAQ:INTU) shares declined about 30% during the quarter. The financial software leader became one of the highest-profile casualties of the end of the “Software as a Service” (“SaaS”) business model and faced a repricing of traditional software business models as a result of accelerating AI capability. The sell-off was triggered by intensifying fears that general-purpose AI tools could automate core tax-preparation and small business accounting workflows and undermine the per-seat subscription models that have underpinned Intuit’s premium valuation for over a decade.